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Monthly Archives: November 2014

Divesting of Human Well Being

04 Tuesday Nov 2014

Posted by Nuetzel in Uncategorized

≈ 2 Comments

Tags

American University, Benjamin Zycher, College Endowments, Divestment, Energy, Fossil fuels, Harvard, Julia Morriss, Political Correctness

guilt-ridden

The movement to be “politically correct” among college endowments and other funds has included a push to divest of assets in industries that extract, refine or distribute fossil fuels. A bright student at American University named Julia Morriss penned this opinion piece on divestment in the university’s student newspaper. She says:

“As you read this on your iPhone, eat an organic avocado grown in California and buy a plane ticket home for winter break, I urge you to think about what a world without fossil fuel use would mean. Energy is embedded in virtually everything we do and consume, from life-saving drugs to our clothing. …This would be a different story if a viable option to fossil fuels existed that could handle all the world’s needs. But sadly we are not there yet.

And this isn’t just about getting to keep your iPhone. Lower-income households spend almost a quarter of their income on energy. Cutting out fossil fuels would cause energy prices to soar, punishing the poor the most.”

Harvard’s President sensibly voiced his opposition to fossil fuel divestment in a recent statement. Here is a well-articulated condemnation of the divestment movement from Benjamin Zycher entitled “The Breathless Hypocrisy Driving Energy ‘Divestment’“. He says this:

“So if investment in fossil-fuel sectors engenders some sort of moral quandary, does the same principle apply to investment in industries that use energy? After all, they are responsible for the very existence of the energy producers; will the divestment campaign expand to agriculture, manufacturing, transportation, retailing, the household sector, and all the rest?”

Read the whole thing, as they say.

Dislike Campaign Spending, Don’t Restrict It

03 Monday Nov 2014

Posted by Nuetzel in Uncategorized

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Campaign Spending, First Amendment, Freedom of Speach, Halloween, Institute For Justice

money_in_politics

Here is interesting perspective from the Institute For Justice on an issue that is often blown out of proportion: money in politics. The graphic above from IJ tells the story. From the IJ post:

“Americans spend more money on Halloween candy, parties and costumes than was spent by all federal candidates, PACs and party committees combined in the last presidential election cycle.”

This comparison is a striking contrast to the rhetoric of totalitarians who wish to cast aside First Amendment rights by restricting political spending. Yes, campaign ads can be tiresome, but they usually convey information, and the loudest complaints seem to come from factions who simply don’t like what their opposition is saying. From IJ Attorney Paul Stevens:

“… campaign spending is nothing to be afraid of. This money is spent persuading American voters about the most important issues of the day. In a democracy with more than 200 million voting-age citizens, the amount Americans spend on campaigns is neither scary nor unreasonable.“

Obamacare Shills Try Heroic Measures

01 Saturday Nov 2014

Posted by Nuetzel in Uncategorized

≈ 1 Comment

Tags

ACA, Business Week, CHIP, Cronyism, Death Spiral, Employer Sponsored Plans, Forbes, Government Failure, Health Care Exchanges, Mandates, Medicaid, Obamacare, USA Today, Welfare Programs

obama-health-care

Die-hard Obamacare supporters are in full denial over the lousy results of the health care plan in its first year. They’re tone deaf, living a delusion. This piece from Forbes.com notes that the Affordable Care Act (ACA) has been an abject failure thus far on six of seven major counts, and even the one “success” is terribly blemished. Close to 90% of the increase in the number of insured is due to expansion in the Medicaid and state Children’s Health Insurance Program roles. Both of those welfare programs predate the ACA and certainly could have been expanded without Obamacare and its collateral damage to existing health plans and the health care industry. In fact, according to Business Week, less than half of physicians now accept Medicaid, so it’s not always easy for those “newly insured” individuals to gain access to actual care.

In fact, Medicaid patients are not the only ones with access problems. This USA Today article linked by Forbes notes that physicians are limiting the number of Obamacare exchange-covered patients they’ll accept. After the disastrous unraveling of the “if-you-like-your-plan-you-can-keep-it” fiction, it was revealed that many of the policies foisted upon the “previously-insured-but-no-longer” group through Obamacare exchanges offered severely limited provider networks. If you liked your doctor, you might well have lost your doctor.

For the majority who do not qualify for taxpayer subsidies under Obamacare, the health insurance premia on policies acquired on the exchanges have risen drastically. This problem is covered in the Forbes article. Far less expensive short-term plans are being offered by insurers as an alternative to Obamacare, but they are only renewable if the insured remains healthy. It is precisely these kinds of circumstances that might devolve into a death spiral for Obamacare: an increasingly sick risk pool and universal rating may lead to accelerating premium hikes for the exchange policies.

So, prospects for improvement under the ACA are quite bleak. We’ve seen a botched rollout of the Obamacare website, the chief enrollment vehicle, which is still problematic; a wrecked individual market with policies cancelled and replaced by coverage with limited provider networks; a medical device industry battered by new taxes; a negative impact on full-time employment as firms reduce hours to avoid coverage requirements; expanded welfare programs with a concomitant burden on taxpayers; increased emergency room utilization; physicians opting out due to inadequate reimbursement and high compliance costs; healthy individuals opting out and sick individuals opting in; higher premia with more increases on the way and the prospect of an insurance death spiral; and we’ve seen arbitrary exemptions carved out for various cronies of the Obama administration all along the way. Oh, and we’ve seen lies, delays, and every effort to back-load costs and front-load benefits, an implementation governed by political considerations rather than improving health care. The next shoe to drop is likely to be widespread cancellation of employer-sponsored coverage as the ACA coverage mandate hits employers in 2015.

Desperate propaganda continues to flow, but that can’t change the fact that Obamacare is terrible policy with results to prove it. Here is government failure.

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OnlyFinance.net

TLC Cholesterol

Nintil

To estimate, compare, distinguish, discuss, and trace to its principal sources everything

kendunning.net

The Future is Ours to Create

DCWhispers.com

Hoong-Wai in the UK

A Commonwealth immigrant's perspective on the UK's public arena.

Marginal REVOLUTION

Small Steps Toward A Much Better World

Stlouis

Watts Up With That?

The world's most viewed site on global warming and climate change

Aussie Nationalist Blog

Commentary from a Paleoconservative and Nationalist perspective

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Defending Life, Liberty and the Pursuit of Happiness

The View from Alexandria

In advanced civilizations the period loosely called Alexandrian is usually associated with flexible morals, perfunctory religion, populist standards and cosmopolitan tastes, feminism, exotic cults, and the rapid turnover of high and low fads---in short, a falling away (which is all that decadence means) from the strictness of traditional rules, embodied in character and inforced from within. -- Jacques Barzun

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